Ladder Capital Corp (NYSE:LADR) Short Interest Down 7.0% in April

Ladder Capital Corp (NYSE:LADRGet Free Report) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,600,000 shares, a decline of 7.0% from the April 15th total of 1,720,000 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 607,300 shares, the short-interest ratio is currently 2.6 days.

Analysts Set New Price Targets

Several analysts have recently weighed in on LADR shares. TheStreet downgraded Ladder Capital from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reduced their price objective on Ladder Capital from $12.75 to $12.50 and set an “outperform” rating for the company in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $12.63.

View Our Latest Report on LADR

Ladder Capital Stock Performance

LADR opened at $11.54 on Friday. The stock has a market cap of $1.46 billion, a P/E ratio of 15.18 and a beta of 1.91. The company has a debt-to-equity ratio of 2.41, a current ratio of 88.40 and a quick ratio of 88.41. The stock’s 50 day simple moving average is $10.91 and its 200 day simple moving average is $11.01. Ladder Capital has a 1-year low of $9.08 and a 1-year high of $12.00.

Ladder Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend was Wednesday, March 27th. Ladder Capital’s payout ratio is 121.05%.

Hedge Funds Weigh In On Ladder Capital

Several hedge funds have recently bought and sold shares of LADR. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ladder Capital by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 59,886 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 4,063 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ladder Capital by 0.3% during the first quarter. Vanguard Group Inc. now owns 11,234,757 shares of the real estate investment trust’s stock worth $125,043,000 after purchasing an additional 28,602 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Ladder Capital by 8.5% during the first quarter. ProShare Advisors LLC now owns 20,361 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,602 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Ladder Capital by 9.9% during the first quarter. QRG Capital Management Inc. now owns 113,448 shares of the real estate investment trust’s stock worth $1,263,000 after purchasing an additional 10,257 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Ladder Capital during the first quarter worth $148,000. Hedge funds and other institutional investors own 62.25% of the company’s stock.

About Ladder Capital

(Get Free Report)

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.

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